contractor cost down 15% with oil prices rising and Canadian currency benefit. ERF is set to do very well with a low debt level.
Sentiment: Strong Buy
Light oil is at $74 Canadian. Looks like heavy shorting to me. Will be interesting to look at short position for the end of May. Oil is going higher so they WILL have to cover their short positions sending the stock higher.
On a few dollars pull back in oil prices. Oil price trend is up as future world production goes down with rising demand. I bought some Oct. options yesterday.
this was just a manipulated drop in oil. Safe oil is a scarce commodity as the world will soon see.
Wouldn't want to be short oil! Who thought Saudi oil was safe?
You can see war coming to Saudi Arabia soon as they fund most of the wars against the #$%$.